KIM

Chinese Stocks Slide Again: One Trader Thinks It's All About The Financial Deleveraging

After two days of disappointing macro data out of China, with trade numbers missing expectations on Tuesday following by another drop and miss in producer prices overnight, the "great decoupling" between China stocks and both the S&P500 as well as the rest of the world continued, and the Shanghai Composite dropped another 0.9% to 3,052 to the lowest level since October.

"North Korea's Favored Candidate", Liberal Moon Jae-in Wins South Korea Presidential Election

Having lost to Park Geun-hye in the 2012 presidential election, liberal Moon Jae-in is poised to become the new South Korea president according to an exit poll from today's South Korean election, according to which Moon was estimated to have collected 41.4% of all votes. The front-runner was followed by Hong Joon-pyo of the conservative Liberty Korea Party with 23.3% . Ahn Cheol-soo of the center-left People's Party came in third with 21.8%.

North Korea Accuses CIA Of Plotting A "Biochemical Attack" Against Kim Jong-Un

In the latest verbal fireworks involving the Pacific Rim's most unstable nation, overnight North Korea accused the CIA and the South Korea National Intelligence service of supporting a terrorist cell plotting to kill its "supreme leadership" with a bio-chemical weapon and said such a "pipe-dream" could never succeed.